Market Overview
IT Services spend increased by how much in 2024?
What is 8.4%
IT demand is up by how much over the last 5 years?
51%
What do IT leaders say is the #1 most in demand skill in their organization right now?
AI (45%)
What % of candidates place high or medium importance on hybrid work when evaluating a new employer?
CIOs report that what is more difficult in 2024?
In the last 12 months employers have posted how many jobs?
5.0 million IT jobs
What is the latest unemployment rate for IT in 2024?
2.5%
What policies have created the most geographically distributed tech labor market in history?
Work from anywhere
Businesses remain committed to strategic investments in what?
What is digital transformation, optimization, automation and modernization.
There were how many more job openings than available talent in September?
3.3 times more IT job openings.
What is the latest unemployment rate for all occupations in 2024?
4.1%
Companies now compete for talent on a ________ scale?
National
CIOs report that what is the #1 demanding work problem?
What is resources OR talent.
Delays in initiating digital transformation projects are now more than how much due to talent shortages?
8 months
Temporary workers make up what percentage of the IT workforce?
12-18%
Over the last 12 months, companies have posted an average of how many hybrid/remote IT jobs per month?
70,000
By 2026, 90% of organizations worldwide will feel the pain of the IT skills crisis, costing how much in delays, quality issues, and revenue loss?
$5.5 trillion
IT demand has shown how much of an improved increase in the past 3 months?
14%
What are some of the companies with the most job postings nationwide? Name 2.
Amazon, JPMC, Google, Apple, Microsoft, Facebook, Boeing, Wells Fargo, Capital One, Humana, Anthem, Salesforce, Walmart, Citigroup, Verizon, Northrop.
In 2024, what percentage of organizations operate on a hybrid schedule (2-3 days a week)?
58%